For Sale
$3,117,100

945 Amity RdConway, AR 72032

Conway, AR: High-growth, Net Lease QSR

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional investment opportunity presents a brand-new 2024-built Starbucks located at 945 S Amity Rd, Conway, AR 72032. The property boasts a 2,480 square foot building situated on a 1.05-acre lot (APN: 711-07682-010, 711-0768-012). The property is a single-tenant, net lease investment with a strong Starbucks tenant, offering a 10.2-year initial lease term commencing January 1, 2025, and expiring February 28, 2035. This equates to a remaining lease term of 10.3 years. The lease includes four, five-year option periods with a 7.5% rental increase every five years. The property enjoys a 100% occupancy rate, generating a Net Operating Income (NOI) of $187,027, resulting in a 6.00% capitalization rate. The asking price is $3,117,100, translating to a price per square foot of $1,256.90. This prime location benefits from high traffic flow and visibility, and its proximity to the University of Central Arkansas, Hendrix College, and Central Baptist College provides a substantial built-in customer base within a rapidly growing city. The property's strategic placement within a robust retail neighborhood and its association with a globally recognized brand contribute to its significant investment potential. This is a rare opportunity to acquire a high-performing asset in a thriving market.

Highlights

  • Brand new 2024 Starbucks; prime investment opportunity.
  • 10-year lease with four, five-year renewal options; 7.5% rent increase every five years.
  • Near University of Central Arkansas, Hendrix College, and Central Baptist College.
  • High-traffic, high-visibility location with strong local demographics.
  • Excellent growth potential in rapidly expanding Conway, Arkansas.
  • Iconic, globally recognized brand with significant capitalization.

Property Details for 945 Amity Rd

Property type
Retail properties
Square Feet
2,480 SF
Lot Size (sq. ft)
45,738 SF

Location Insight

City
Conway
County
Faulkner
State
Arkansas
Latitude
35.0668521
Longitude
-92.4150324
945 Amity Rd, Conway, Arkansas

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945 Amity Rd
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